No-Deal Brexit Is 'Worst Outcome,' UK's Upper House Warns

Law360, London (December 7, 2017, 3:31 PM GMT) -- A "no-deal" Brexit, in which Britain tumbles out of the European Union in 2019 without a trade agreement, would be bad news for the financial services and insurance industries along with many other U.K. sectors, a critical House of Lords report revealed Thursday.

It would be “difficult, if not impossible, to envisage a worse outcome” for the U.K. than failing to strike a deal with the EU, an influential parliamentary committee is warning. (AP) The committee of the upper house of the U.K. Parliament said it...